Second Amendment to Promissory Note between Domark International, Inc. and Infinite Funding, Inc.

Summary

Domark International, Inc. and Infinite Funding, Inc. have agreed to extend the due date of a $75,000 promissory note, originally due October 15, 2011, and previously amended to December 15, 2011. The new due date is April 15, 2012. In exchange for this extension, a $20,000 fee is added to the principal, making the total amount due $95,000. All other terms of the original note and prior amendment remain unchanged. The agreement is effective as of December 9, 2011.

EX-10.2 3 ex10-2.txt SECOND AMENDMENT TO PROMISSORY NOTE Exhibit 10.2 2nd AMENDMENT TO PROMISSORY NOTE This 2nd Amendment to Promissory Note (the "2nd Amendment") is made December 9, 2011, by and between Domark lnternational, Inc. (the Company") and Infinite Funding, Inc. (the "Holder"). WHEREAS, on June 10, 2011, the Company entered into a Promissory Note (the "Note"), a copy of which is attached hereto, in the aggregate amount of $75,000, with a due date of October 15, 2011; WHEREAS, on September 28, 2011, the Company and Holder executed an Amendment to Promissory Note (the "Amendment"), a copy of which is attached hereto; WHEREAS, pursuant to the terms of the Amendment, the Note is due on or before December 15, 2011; WHEREAS, as of the date hereof, the Company has not made payments on the Note; WHEREAS, on December 9, 2011, the Company and Holder agreed to amend certain provisions of the Note; NOW THEREFORE, IT IS HEREBY AGREED AS FOLLOWS: 1. EXTENSION OF DUE DATE OF NOTE. The Parties agree that the Due Date of the Note shall be extended to April 15, 2012. 2. EXTENSION FEE. The Parties agree that a fee in the amount of $20,000 will be added to the principal balance of the loan in consideration for the extension granted herein. 3. PRINCIPAL BALANCE. Upon signing of this Amendment, the aggregate principal balance due under the June 2011Note shall be $95,000. 4. EFFECTIVE DATE. The effective date of this Agreement shall be December 9, 2011. All other provisions of the Note and of the Amendment remain in force. IN WITNESS WHEREOF, the Company and the Holder hereby execute this Agreement as of the date first written above. DOMARK INTERNATIONAL INFINITE FUNDING, INC. By: /s/ R. Thomas Kidd /s/ Alina Yurovskay -------------------------------- ---------------------------------- R. Thomas Kidd Alina Yurovskay Chairman President GUARANTOR By: /s/ R. Thomas Kidd -------------------------------- R. Thomas Kidd An Induvidual